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1928 $20 Federal Reserve Notes Values By Grade
About These Price Ranges
The values shown below are for standard notes only, based on actual eBay and Heritage Auctions data.
IMPORTANT: If your note has any special features such as:
Its value could be significantly higher. Check the "Special Features Value Impact" section below to find your note's potential premium value.
| Grade | Total Records | Price Range | |
|---|---|---|---|
| Premium (65+ EPQ) | GEM-67 | 75 | $940.00 |
| GEM-66 | 215 | $360.00 | |
| GEM-65 | 235 | $240.00 | |
| Uncirculated (50-64) | UNC-64 | 206 | $168.00 |
| UNC-63 | 86 | $138.00 | |
| UNC-60 | 19 | $97.75 | |
| AU-58 | 52 | $115.00 | |
| AU-55 | 38 | $101.10 | |
| AU-53 | 6 | $109.00 | |
| AU-50 | 39 | $89.70 | |
| Circulated (1-45) | XF-45 | 20 | $77.00 |
| XF-40 | 53 | $61.00 | |
| VF-35 | 17 | $69.55 | |
| VF-30 | 45 | $60.00 | |
| VF-25 | 13 | $76.00 | |
| VF-20 | 95 | $51.00 | |
| FN-15 | 4 | $43.00 | |
| FN-12 | 33 | $41.02 | |
| VG-8 | 19 | $40.00 | |
Highest Records Sales
Exceptional sales that have set market records. View Full History >
Special Features Value Impact
From modest premiums to jaw-dropping values—discover which special features can transform ordinary bills into prized collectibles. Explore each feature to see detailed price ranges organized by denomination, note type, and series—all based on verified auction and sales data.
$2 1976 Federal Reserve Star Note.
What are Star Note?
Replacement bills indicated by a star symbol at the end of the serial number instead of a letter. Printed to replace defective notes during production, they typically represent less than 1% of notes produced. Their relative scarcity compared to regular notes drives their premium value, especially for star notes from smaller print runs or those with fancy serial numbers, which can command significant collector premiums.
Value Chart By Note Denomination & Series
| Deno. | Series | Circulated | Uncirculated | Premium | Check Prices |
|---|---|---|---|---|---|
| $20 | 1928 | $108.68 - $494.06 | $587.50 - $1,292.50 | $3,392.50 - $7,050.00 | Find SalesView |
1950E Federal Reserve Note. The L-D block had a printing of roughly one-fourth of the L-C block
What are Special Block Identifier?
Bills with distinctive block lettering or numbering, excluding experimental or web notes. These represent specific production batches identified by letter-number combinations in the serial number. Collectors value certain rare blocks, replacement blocks, and final blocks of a series. Their significance lies in identifying specific production runs, with first and last blocks of a series or denomination often commanding the highest premiums.
Value Chart By Note Denomination & Series
| Deno. | Series | Circulated | Uncirculated | Premium | Check Prices |
|---|---|---|---|---|---|
| $20 | 1928 | $50.00 - $126.00 | $132.25 - $313.38 | $348.75 - $989.38 | Find SalesView |
Inverted Overprint Fr. 2030-B $10 1993 Federal Reserve Note.
What are Overprint Error Note?
Error notes with misplaced or double overprinting of seals or serial numbers, excluding Hawaii overprints. These production errors create visually striking abnormalities where Treasury seals or serial numbers appear in incorrect positions or are duplicated. Their value stems from their obvious visual distinctiveness and the clear evidence they provide of mechanical failures during the complex multi-step printing process used for currency production.
Value Chart By Note Denomination & Series
| Deno. | Series | Circulated | Uncirculated | Premium | Check Prices |
|---|---|---|---|---|---|
| $20 | 1928 | $136.00 - $270.00 | $143.32 - $299.00 | $381.88 - $600.00 | Find SalesView |
Low serial number D00000386A $5 1928 Federal Reserve Note
What are Low/High Serial Numbers Pattern?
Bills with low or high position serial numbers (first 1000 or last 1000 in a series, e.g., 00000000-00000999). Highly prized by collectors for their sequential extremes that represent the beginning or end of a printing run.
Value Chart By Note Denomination & Series
| Deno. | Series | Circulated | Uncirculated | Premium | Check Prices |
|---|---|---|---|---|---|
| $20 | 1928 | - | $3,027.50 - $3,938.75 | $617.50 | Find SalesView |
01/17/2026 $20 2004 Federal Reserve Star Note.
What are Date Pattern?
Bills with serial numbers that represent a recognizable date format (e.g., 07041776 for July 4, 1776). These notes forge a tangible connection between currency and significant historical moments, making them emotionally resonant collectibles. Patriotic dates, birthdates, and historically significant years are especially valuable.
Value Chart By Note Denomination & Series
| Deno. | Series | Circulated | Uncirculated | Premium | Check Prices |
|---|---|---|---|---|---|
| $20 | 1928 | - | $192.00 - $237.50 | $373.75 | Find SalesView |
Bookends $50 1950E Federal Reserve Note.
What are Bookends Pattern?
Bills with serial numbers where the first two and last two digits are identical (e.g., 12XXXX12). Named for resembling bookends that frame the middle digits, these notes appeal to collectors for their symmetrical balance. The visual framing effect creates an aesthetically pleasing numerical composition.
Value Chart By Note Denomination & Series
| Deno. | Series | Circulated | Uncirculated | Premium | Check Prices |
|---|---|---|---|---|---|
| $20 | 1928 | - | $209.38 | $199.50 | Find SalesView |